T T Limited — Important, 16-12-2024: Updates

The Board has approved significant moves aimed at enhancing shareholder value and operational flexibility. A total of 10,00,000 equity shares were allotted at ₹122 each, raising substantial capital from non-promoter allottees. Additionally, 8,00,000 convertible warrants were approved, set at the same issue price, to bolster financing efforts.

A notable decision includes the proposed subdivision of equity shares from ₹10 to ₹1, which aims to enhance liquidity and broaden the investor base. The revised authorized share capital will amount to ₹45 crore, facilitating this restructuring.

Furthermore, the appointment of Shri Hardik Jain as Executive Director will be effective from January 24, 2025. His background in finance, coupled with industry experience, positions him to contribute significantly to the company’s strategic initiatives. Lastly, relocation of the registered office to a more accessible site in New Delhi is set, indicating a proactive approach towards operational efficiency.

Investors should monitor these developments closely as they position the company for potential growth and improved market perception.